Obama Unveils Homeowner Affordability And Stability Plan - 02/24/09 09:22 PM
President Obama unveiled his plan to help stabilize the housing market and keep millions of borrowers in their homes.
The Homeowner Affordability and Stability Plan includes two initiatives to help struggling homeowners. One is a refinancing program for homeowners with less than 20% equity in their homes, or who owe more than their home is worth. The second program attempts to lower monthly payments for homeowners at risk of losing their home. In addition, the plan includes a third initiative to support low mortgage rates by strengthening confidence in Fannie Mae and Freddie Mac.
Many of the plan's details are still … (0 comments)

Would You Believe That Home Buyers Are Out In Full Force?? - 02/06/09 11:22 AM
A real estate trade group reported Tuesday that Pending Home Sales ticked higher in December 2008.  A "pending home sale" is a home under contract to sell, but not yet closed.
The group positions Pending Home Sales report as a predictor of future activity, suggesting that home sales will spike 60 days hence. 
This can be good news for the economy.
However, despite the Pending Home Sales report's correlation to the actual number of homes sold in the future, that connection may not be the report's best use. This is because of what Pending Homes Sales doesn't measure.
Specifically not included in Pending Homes Sales … (0 comments)

 
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Jeff Underwood

Gilbert, AZ

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